The adjusted balances for Tomas Co. are listed below. Cash, $20,000 Accounts Receivable, $2,500 Prepaid Insurance, $3,500 Equipment, $15,000 Accumulated Depreciation, $2,000 Accounts Payable, $4,000 J. Tomas, Capital, $30,000 J. Tomas, Drawing, $10,000 Income from Services, $35,000 Wages Expense, $12,000 Rent Expense, $8,000 The entry to close expenses would involve a

Select one:

a. debit to Income Summary, $20,000

b. credit to Income Summary, $20,000

c. debit to Income Summary, $12,000.

d. debit to Wages Expense, $12,000, and Rent Expense, $8,000.